Pages

Sunday, March 30, 2014

Sears Holdings Is Unlocking More Value With Lands' End Spinoff

The transformation of Sears Holdings (NASDAQ: SHLD)
continues to progress with the recent news that the spin off of Lands'
End will occur on April 4. The company will trade on the Nasdaq under
the ticker symbol "LE."

The move has long been speculated by investors who have been awaiting
Sears Holdings' divestment of non-core retail operations stuck within
the giant conglomerate. Based on Lands' End's recent results, it appears
that this move isn't happening soon enough. While many investors fret
over Sears unloading a profitable business unit, the stalled growth at
Lands' End suggests the retailer needs to regain its own identity and
capital structure to prosper.